UK Top 200 position: 132
Bath-headquartered Withy King has offices in Oxford, Swindon, Abingdon, Thame, Marlborough and London.
Turnover rose to £15.8m in 2011–12 — a performance largely attributed to the firm’s high-performing clinical negligence practice, which contributed 47 per cent of overall revenue.
Average profit per equity partner was £226,000, while net profit to be distributed among the 19 full-equity partners was £4.3m.
Following a structural review, Withy King now has a 49-strong partnership, with an even split of 19 full-equity and 19 fixed-share partners sharing the equity. The latter’s remuneration starts at 25 equity points as long as they control a fee income in excess of £300,000. Full-equity partners must control a fee income in excess of £500,000 and start at 250 points. The equity spread was from £95,000 to £344,000.
Withy King is investing in certain practice areas and making strategic hires including bringing in two laterals to its Oxford office, which it acquired off the back of a merger with Marshall & Galpin in 2008.
Employment partner Mark Emery joined the Oxford office in July 2011 and Tom Gilman joined in November 2011 to head up its private client practice.
Overview5–6 Northumberland Buildings
Turnover (£m): 15.9
Total lawyers: 89